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What was the name of the severe economic decline that lasted from 1929 until the us entry into ww2 in 1941?
The Great Depression.
What was the US economic system after world war 2?
Following the end of WWII, America shifted it's focus to the growing concern over Communist aggression, as well as the task of rebuilding a wartorn Europe. The Marshall Plan was instituted and, before we knew it, we were stuck in the Cold War.
Is Albania a less developed country?
Situated in SE Europe, Romania is a developing country and a place of interest for many foreigners. In 2007, Romania was accepted as a full EU member state. Romania has made steady economic progress in the past 20 years, after the fall of the communist regime. However, Romania still has to fight against a high level of corruption. Before the World War 2 (WW2) Romania was a wealthy European state, whose economy was mainly based on agriculture. The economic and political situation have changed dramatically after the communists took over power and its new leaders sympathized with the Russian regime at the end of WW2. Nowadays, Romania is working hard to regain its position among the leading European nations. Romania's population totals nearly 22 million people. The official language is Romanian, which is the only Latin language spoken in SE Europe.
Should individual freedom be sacrificed in order to achieve economic growth?
Individual effort is the basis of any form of economic growth. And as history has shown - just look at the Communist countries after WW2 - individual effort is rarely if ever stimulated by lack of personal freedom. So in order to have economic growth, the people that have to realize it have to feel that their efforts will result in a better future for themselves. A government that tries to start economic growth by sacrificing personal freedom, will find that people won't have that trust in the future. Just look at China: the leadership first had to promise greater freedoms before the economic boom could start.
What was the economic effect of ww2?
America's response to World War II was the most extraordinary mobilization of an idle economy in the history of the world. During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled.
The economic of western europe recovered quickly ww2 in part because of?
The Marshall Plan was the main plan of the United States to help Europe's economic recovery after World War II.
What battle helped end the war in Europe during WW2?
Battle of the Bulge
Why were the Americans important to the Europeans?
They helped us during WW1 and WW2. They also helped Western Europe recover at the end of WW2 and withstand the "assault" by the Communist block.
What has been the dominant characteristics of eastern Europe since ww2?
Before 1991, Eastern Europe was under Soviet influence. After that time, there has been a slow recovery to Westernized influences.
What was George C Marshall's Plan?
His plan was to an economic policy to help Western Europe recover from the devastation of WW2.
What factors contributed to economic booms after ww2 in western Europe the US and Japan?
Many attribute the post WW2 boom to Keynesian economics, which is a mixed economy of mostly private, but also public sectors.
How did WW2 help speed the us recovery from great depression?
The need for products from our allies in Europe created more exports for the citizens here. It created revenue and profit.
What was going on with Europe and the us during the Korean War?
Europe & the US were recovering from WW2. Korea was fought by MANY WW2 veterans and WW2 equipment.
What are migrants after World War 2?
After WW2 many millions of people in Europe had lost their homes. There were migrants from many European countries for economic and religious reasons.
When did Europe surrender during World War 2?
Europe did not surrender during WW2.
What were the effects of the cold war on worldwide and in Europe?
ww2 .
What is a fact of Josef Stalin?
He helped start the ww2
